Shares in the company sold for 9 cents each, the Herald
said. Foreigners accounted for 94 percent of trade on the
Zimbabwe Stock Exchange on July 20, it said.

TSL owns the world’s largest tobacco auction floor and
competes with closely held Burley Marketing (Pvt) Ltd. and with
merchants such as Richmond, Virginia-based Universal Corp.,
which buys leaves directly from farmers.

To contact the reporter on this story:
Brian Latham in Johannesburg at in Harare
at blatham@bloomberg.net.